Seizure of Assets. All or any material part of the property of all Covered Persons is nationalized, expropriated, seized or otherwise appropriated, or custody or control of such property or of all Covered Persons is assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, unless the same is being contested in good faith by proper proceedings diligently pursued and a stay of enforcement is in effect.
Appears in 6 contracts
Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)
Seizure of Assets. All or any material part of the property of all any Covered Persons Person is nationalized, expropriated, seized or otherwise appropriated, or custody or control of such property or of all any Covered Persons is Person shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, unless the same is being contested in good faith by proper proceedings diligently pursued and a stay of enforcement is in effect.
Appears in 6 contracts
Samples: Loan Agreement (Talx Corp), Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/)
Seizure of Assets. All or any material part of the property of all any Covered Persons Person is nationalized, expropriated, seized or otherwise appropriated, or custody or control of such property or of all Covered Persons is such Person shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, unless the same is being contested in good faith by proper proceedings diligently pursued and a stay of enforcement is in effect.
Appears in 3 contracts
Samples: Assignment and Assumption (Young Innovations Inc), Credit Agreement (Young Innovations Inc), Credit Facilities Agreement (Young Innovations Inc)
Seizure of Assets. All or any material part of the property of all any Covered Persons Person (other than a Foreign Subsidiary having total assets of less than $500,000) is nationalized, expropriated, seized or otherwise appropriated, or custody or control of such property or of all any Covered Persons is Person shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental AuthorityAuthority and the same has or could reasonably be expected to have a Material Adverse Effect, unless the same is being contested in good faith by proper proceedings diligently pursued and a stay of enforcement is in effect.
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Seizure of Assets. All or any material part of the property of all Covered Persons any Obligor is nationalized, expropriated, seized or otherwise appropriated, or custody or control of such property or of all Covered Persons is any such Obligor shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, unless the same is being contested in good faith by proper proceedings diligently pursued and a stay of enforcement is in effect.
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